David A. Siegel: Difference between revisions
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Siegel's businesses, family, and personal life were adversely affected by the 2008 financial crisis, as seen in the documentary ''[[The Queen of Versailles]]''. |
Siegel's businesses, family, and personal life were adversely affected by the 2008 financial crisis, as seen in the documentary ''[[The Queen of Versailles]]''. |
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Seigel |
Seigel admitted in the documentary to covertly buying back his own $11 million bad debt loan from his bank for $3.2 million: |
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:"I sent a third party to go see how much they'll sell that loan for (they wrote it down at 11). They sold the loan to the third party, they didn't know I was involved, for $3.2 million dollars.." Other person "Oh Yeah?", Siegel: "Yeah I'm getting it back. That's why banks are in trouble, who the hell's making, I mean I'm glad they did, but who the hell is making all those decisions?" (1 hour 6 minutes into The Queen of Versailles) |
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In July 2012, Siegel said the market was rebounding, and he was expanding his businesses. He also announced plans to continue construction of the [[Versailles house|extravagant Florida home]] featured in the documentary.<ref>[http://www.reuters.com/article/2012/07/30/uk-usa-orlando-siegel-idUSLNE86T02B20120730 Reuters]</ref> |
In July 2012, Siegel said the market was rebounding, and he was expanding his businesses. He also announced plans to continue construction of the [[Versailles house|extravagant Florida home]] featured in the documentary.<ref>[http://www.reuters.com/article/2012/07/30/uk-usa-orlando-siegel-idUSLNE86T02B20120730 Reuters]</ref> |
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Siegel admitted in the documentary ''[[The Queen of Versailles]]'' to engaging in possibly illegal activities in [[Florida]] during the [[United States elections, 2000|2000 United States elections]], which he claims were singularly responsible for getting [[George W. Bush]] into the [[White House]].<ref>{{cite web|last=Goldberg|first=Adam|title=David Siegel, Florida Real Estate Mogul, Claims To Be 'Personally Responsible' For George W. Bush's 2000 Victory|url=http://www.huffingtonpost.com/2012/07/31/david-siegel-george-w-bush-election_n_1725152.html|publisher=The Huffington Post|accessdate=15 January 2013}}</ref> |
Siegel admitted in the documentary ''[[The Queen of Versailles]]'' to engaging in possibly illegal activities in [[Florida]] during the [[United States elections, 2000|2000 United States elections]], which he claims were singularly responsible for getting [[George W. Bush]] into the [[White House]].<ref>{{cite web|last=Goldberg|first=Adam|title=David Siegel, Florida Real Estate Mogul, Claims To Be 'Personally Responsible' For George W. Bush's 2000 Victory|url=http://www.huffingtonpost.com/2012/07/31/david-siegel-george-w-bush-election_n_1725152.html|publisher=The Huffington Post|accessdate=15 January 2013}}</ref> |
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{{bquote|Interviewer "How were you personally responsible for the re-election of George Bush?" Seigel: "I'd rather not say because it may not necessarily have been legal." (9 minutes 20 seconds into the documentary).}} |
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Seigel later added: |
Seigel later added: |
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During the [[United States elections, 2012|2012 United States elections]], Siegel caused controversy and public debate when he sent a [[mass email]] to his employees, advising them to vote for [[Republican Party (United States)|Republican Party]] candidate [[Mitt Romney]].<ref>[http://www.businessweek.com/articles/2012-10-10/why-david-siegel-told-his-employees-to-vote-for-romney Business Week]</ref> |
During the [[United States elections, 2012|2012 United States elections]], Siegel caused controversy and public debate when he sent a [[mass email]] to his employees, advising them to vote for [[Republican Party (United States)|Republican Party]] candidate [[Mitt Romney]].<ref>[http://www.businessweek.com/articles/2012-10-10/why-david-siegel-told-his-employees-to-vote-for-romney Business Week]</ref> |
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Siegel was found guilty of sexual harassment in a lawsuit brought by former Westgate employee Georgette Meyers.<ref>{{cite news |title=Woman Talks After Winning $5 Million In Lawsuit Over 'Indecent Proposal' |url=http://www.wftv.com/news/news/woman-talks-after-winning-5-million-in-lawsuit-ove/nFBsF/ |format= |agency= |newspaper=[[WFTV]] |publisher=[[Cox Enterprises]] |location=[[Orlando, Florida]] |date=February 21, 2008 |accessdate=30 July 2012}}</ref> Meyers worked for Westgate for 14 years. She claimed that Siegel offered a million dollars to have sex with her. Meyers claimed that she had to repeatedly fight off unwanted advances from Siegel, and a Florida court awarded Meyers $5.4 million in damages in February 2008. |
Siegel was found guilty of sexual harassment in a lawsuit brought by former Westgate employee Georgette Meyers.<ref>{{cite news |title=Woman Talks After Winning $5 Million In Lawsuit Over 'Indecent Proposal' |url=http://www.wftv.com/news/news/woman-talks-after-winning-5-million-in-lawsuit-ove/nFBsF/ |format= |agency= |newspaper=[[WFTV]] |publisher=[[Cox Enterprises]] |location=[[Orlando, Florida]] |date=February 21, 2008 |accessdate=30 July 2012}}</ref> Meyers worked for Westgate for 14 years. She claimed that Siegel offered a million dollars to have sex with her. Meyers claimed that she had to repeatedly fight off unwanted advances from Siegel, and a Florida court awarded Meyers $5.4 million in damages in February 2008. David Siegel is reportedly appealing the verdict. |
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Siegel studied marketing and management at the [[University of Miami]].<ref>Businessweek.com</ref> |
Siegel studied marketing and management at the [[University of Miami]].<ref>Businessweek.com</ref> |
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Revision as of 18:58, 5 February 2013
David A. Siegel |
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David A. Siegel (born 1934 or 1935) is an American entrepreneur and founder of Westgate Resorts Ltd, where he serves as president and chief executive officer. He also serves as the CEO of CFI Resorts Management Inc. and Central Florida Investments Inc. Siegel's businesses includes real estate, timeshares, construction, hotel and apartment management, travel services, telecommunications, citrus, insurance, transportation, and retail.
Siegel's businesses, family, and personal life were adversely affected by the 2008 financial crisis, as seen in the documentary The Queen of Versailles.
Seigel admitted in the documentary to covertly buying back his own $11 million bad debt loan from his bank for $3.2 million:
- "I sent a third party to go see how much they'll sell that loan for (they wrote it down at 11). They sold the loan to the third party, they didn't know I was involved, for $3.2 million dollars.." Other person "Oh Yeah?", Siegel: "Yeah I'm getting it back. That's why banks are in trouble, who the hell's making, I mean I'm glad they did, but who the hell is making all those decisions?" (1 hour 6 minutes into The Queen of Versailles)
In July 2012, Siegel said the market was rebounding, and he was expanding his businesses. He also announced plans to continue construction of the extravagant Florida home featured in the documentary.[1]
Siegel campaigned for George W. Bush in 2000.[2] Siegel admitted in the documentary The Queen of Versailles to engaging in possibly illegal activities in Florida during the 2000 United States elections, which he claims were singularly responsible for getting George W. Bush into the White House.[3]
Interviewer "How were you personally responsible for the re-election of George Bush?" Seigel: "I'd rather not say because it may not necessarily have been legal." (9 minutes 20 seconds into the documentary).
Seigel later added:
"Whenever I saw a negative article about [Al] Gore, I put it in with the paychecks of my 8,000 employees. I had my managers do a survey on every employee. If they liked Bush, we made them register to vote. But not if they liked Gore. The week before [the election] we made 80,000 phone calls through my call center—they were robo-calls. On Election Day, we made sure everyone who was voting for Bush got to the polls. I didn’t know he would win by 527 votes. Afterward, we did a survey among the employees to find out who voted who wouldn’t have otherwise. One thousand of them said so."[4]
During the 2012 United States elections, Siegel caused controversy and public debate when he sent a mass email to his employees, advising them to vote for Republican Party candidate Mitt Romney.[5]
Siegel was found guilty of sexual harassment in a lawsuit brought by former Westgate employee Georgette Meyers.[6] Meyers worked for Westgate for 14 years. She claimed that Siegel offered a million dollars to have sex with her. Meyers claimed that she had to repeatedly fight off unwanted advances from Siegel, and a Florida court awarded Meyers $5.4 million in damages in February 2008. David Siegel is reportedly appealing the verdict.
Siegel studied marketing and management at the University of Miami.[7]
See also
References
- ^ Reuters
- ^ Goldberg, Adam. "David Siegel, Florida Real Estate Mogul, Claims To Be 'Personally Responsible' For George W. Bush's 2000 Victory". The Huffington Post. Retrieved 15 January 2013.
- ^ Goldberg, Adam. "David Siegel, Florida Real Estate Mogul, Claims To Be 'Personally Responsible' For George W. Bush's 2000 Victory". The Huffington Post. Retrieved 15 January 2013.
- ^ Berfield, Susan. "Why Time-Share King David Siegel Thinks He Got Bush Elected". Business Weed. Retrieved 28 January 2013.
- ^ Business Week
- ^ "Woman Talks After Winning $5 Million In Lawsuit Over 'Indecent Proposal'". WFTV. Orlando, Florida: Cox Enterprises. February 21, 2008. Retrieved 30 July 2012.
- ^ Businessweek.com